KYIV. Feb 24 (Interfax-Ukraine) – Interpipe Pipe and Wheel Company (Dnipro) has signed a five-year contract to supply railway wheels and axles to Progress Rail Services, a large suppler of railway products and solutions in North America belonged to Caterpillar.
The company said in a press release on Thursday that under the terms of this contract, Interpipe will annually deliver more than 10,000 finish-machined railway wheels and more than 1,000 finished-machined railway axles to its American partners.
The first shipments of railway wheels have been already made. The production of axles is scheduled for Q2 2017.
All the products will be manufactured in accordance with the standard of Association of American Railroads and additional customer requirements.
“We started to work with Progress Rail Services, the leader of the American railway industry, back in 2014. Previously we conducted several short-term contracts, up to a year. This successful cooperation has enabled to sign of a new multi-year contract. In addition to that, we are expanding the framework of our partnership. Thanks to our continuous endeavor on the mastering of new products and the investments made, this year we will commence deliveries of finish-machined railway axles to the American market,” Intepipe CCO Oleksandr Harkavy said.
Interpipe is global producer of steel pipes and railway wheels, based in Ukraine. The company’s products are marketed in more than 80 countries around the world through a network of sales offices located in key markets of Ukraine, the CIS, the Middle East, North America, and Europe.
